25 Million Reasons to Dream Big
Michael and Susan Dell committed $6.25 billion to invest $250 in the Trump Accounts of 25 million children across America. That commitment is now a reality.
Dell’s have contributed a 1 time deposit of $250.00 into the Trump Accounts for any children born between January 1, 2016 through December 31, 2024 that were not eligible for the Trump Contribution, and that lived in Zip Codes with median income under $150,000.00.
The American Dream starts now.
With the Trump Accounts app, long-term financial security for millions of kids is here. Get tax-advantaged investment accounts for U.S. citizens under 18 by downloading the official Trump Accounts app on the App Store or Google Play.
Children born between January 1, 2025, and December 31, 2028, qualify for a one-time $1,000 government seed contribution. Parents, family members, or guardians can contribute up to $5,000 per year using after-tax dollars. Employers can contribute up to $2,500 pre-tax on behalf of an employee (counting toward the $5,000 cap), and approved charities, local governments, or philanthropists can also add funds.
When the beneficiary reaches age 18, full control transfers to them, and the account transitions to standard Traditional IRA rules. Funds can be used penalty-free for qualifying expenses like college tuition, job training, buying a first home, or starting a small business.
“IRS Direct File on IRS website (free filing on IRS website) will not be available starting Filing Season 2025 tax returns. IRS will have more news to follow.” The IRS has discontinued THEIR free program to file 1040’s directly through their website. They will have links to other software providers that are providing this service, but more news will come on their website.
IRS WILL BEGIN 2026 tax season SOON; urges extra caution for taxpayers to file accurate tax returns electronically to speed refunds, avoid delays!
2026 1040’s OR Extensions are due April 15th, 2027
2025 1120S’s and 1065’s OR Extensions are due March 16th, 2027
2025 1120’s OR Extensions are due April 15th, 2027
Individual’s with extensions are due October 15th, 2027!
S-Corporate and Partnership with extensions are due September 15th, 2027
C-Corporate with extensions returns are due October 15, 2027
4th QTR ESTIMATED TAX PAYMENTS ARE DUE JANUARY 15th!
We will be open by APPOINTMENTS ONLY!
We have started scheduling short 15 minute intake appointments to drop off documents or to sign completed taxes. We do require 1 person per appointment, no children allowed in the office. We also request that you print and bring with you a completed intake sheet. This will save time during appointment.
We are continuing to try to stay healthy so we can be here again for your tax needs this tax season! Thank you in advance for your continued support!
For step by step instructions on how to complete your taxes remotely, please visit our tax filing process page.
Our team will be available by phone and email Monday through Friday 10am-6pm
Thank you!
-The MBSC Team
Serving Minnesota for over 30+ years
We opened our door in 1994 with the simple goal of making tax preparation approachable and affordable. Since then, we've expanded to full bookkeeping and payroll services.
meet our team
Meet the Minnehaha Business Services team to learn more about who you'll be working with.
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Trying to decide whether it's time to start that business? Have back taxes you've put off filing? We want to help.